Re:Mozilla's call for cryptocurrency donations angers founder
by nightski on Thursday January 06, 2022 @11:21AM
(#29825531)
Sure but your dollar bills under the mattress do not increase 70% in value in one year either. Volatility is not necessarily a bad thing, it means cryptocurrencies are growing. There is a good chance they will stabilize eventually.
If I buy Apple stock, I have a piece of a company that rakes in billions in actual profit by turning raw materials into useful machinery.
If I buy a US bond, I get interest, and it is guaranteed by the full faith and credit of the United States.
If I buy gold, I own a physically rare and hard to counterfeit asset that humans have valued for thousands of years.
If I have a savings account, I get interest, and the money is guaranteed by the FDIC.
Even dollar bills under the mattress don't decrease in value by 10% in a single day.